Trump’s crypto ventures yield $2.4B since 2022: Report

US President Donald Trump has raked in a whopping $2.4 billion from his crypto ventures since diving into the digital currency world in 2022, as per The New Yorker's estimates. This not only showcases a significant diversification of the Trump family’s income sources but also sparks concerns over potential conflicts of interest, given his role in regulating the industry.

Breaking it down: Trump's earnings include $14.4 million from NFT collections, a cool $412.5 million from token sales via World Liberty Financial, $243 million from crypto deals with the UAE, $13 million from Bitcoin mining company American Bitcoin, a staggering $1.3 billion from BTC treasury company Trump Media and Technology Group, and $385 million from the Official Trump memecoin.

This crypto windfall accounts for 43.5% of Trump’s known personal wealth accumulation during his political tenure. However, it's worth noting that while these ventures are linked to Trump, direct involvement isn't always clear, with operations often managed by advisers or family members.

From skeptic to beneficiary: Trump's current crypto success story is a stark contrast to his 2019 stance, where he criticized cryptocurrencies for their volatility and potential illicit use.

Trump's crypto dealings have raised eyebrows, especially among Democratic lawmakers, who've previously flagged concerns over his memecoin and USD1 stablecoin. Calls for investigations and even impeachment have been made, though the Republican-controlled legislature makes the latter unlikely.

A dinner invite for top memecoin holders in May 2025 by Trump led two Democratic senators to warn of potential violations of federal ethics laws, citing concerns over undisclosed foreign influence.

Under Trump's watch, the SEC has notably softened its stance on crypto, dropping investigations against major players like Coinbase and Uniswap, alongside efforts to halt the debanking of crypto firms nationwide.